Danone, Fonterra in talks over compensation, paper says

Danone S.A. and Fonterra Cooperative Group Ltd. are in talks about compensation relating to the latter’s recall of dairy products in the wake of a health scare, National Business Daily reported Thursday. Danone is seeking 200 million euros (US$272 million) in costs directly associated with the recall. Danone has not filed a lawsuit against Fonterra, the report said.

China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, Reuters reports, citing people...

The State-owned Assets Supervision and Administration Commission (SASAC), China’s top regulator of state assets, has vowed to loosen its grip on government-owned companies. Not long ago, Beijing was trying to boost the role of...

Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies, as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. In a bid...

Hong Kong’s MTR Corp. (00066.HK) is introducing QR code-based payments for travelling on the city’s railway and metro system, with AlipayHK selected as the service provider for an initial period. According to an agreement...

Apple has inked a multi-year content deal with A24, the studio behind Oscar-winning projects “Moonlight” and “Amy”, Reuters reports, citing a source familiar with the matter. The partnership comes as the iPhone maker pushes...

China’s written response to US demands for trade reforms is unlikely to trigger a breakthrough at talks between Presidents Donald Trump and Xi Jinping later this month, a senior Trump administration official told Reuters...

Of late, we have seen a new wave of virtual talents making their presence felt in the online entertainment scene in the region. Called “virtual YouTubers,” or “VTubers”, the entertainers, represented by digital avatars...